Republican lawmakers are seeking Democratic support to advance the crypto market structure bill known as the CLARITY Act this week, though Democrats are slowing the process, according to Senator Dave McCormick.

Speaking to Fox Business on Friday, McCormick said the Senate should hold a vote now. “The Democrats are starting to think, ‘We don’t want to give it a win,'” he said.

Writing on X today, McCormick added: “The time for delay is over. Bring the Clarity Act to the Senate Floor for a vote and let every senator go on the record. America needs clear rules that protect consumers and keep digital asset innovation and jobs here at home.”

NEW: Sen. Dave McCormic on CLARITY ACT "The time for delay is over." "Bring the CLARITY Act to the Senate Floor for a vote and let every senator go on the record." pic.twitter.com/FvHck526kE — Bitcoin Magazine (@BitcoinMagazine) July 27, 2026

Lawmakers have been considering the CLARITY Act since last year. The legislation is intended to establish a defined regulatory framework for crypto. The fight over the bill centers on how digital asset issuers, trading venues, banks and other market participants would be governed, with supporters arguing for clearer rules and critics pressing for stronger safeguards around conflicts, consumer protection and illicit finance.

This year, however, the bill has been stuck in a deadlock, in part because banking chiefs raised concerns about stablecoin yield and ethics issues.

A new draft that circulated last week would ban officials and their families from issuing or promoting crypto, addressing an issue that opposition lawmakers had previously raised.

GOP lawmakers are now hoping to secure Democratic backing to pass the measure. While the bill has some bipartisan support, certain lawmakers, including Senator Elizabeth Warren, have criticized the draft. Warren has claimed it would allow President Donald Trump to make money from crypto and would also benefit criminals.

Last week, a group of Democrats issued a statement saying the bill, in its current form, falls short.

Major institutions including Fidelity and Goldman Sachs, along with crypto lobby groups and politicians, have said the revised bill works in its current format.

Democrats, as well as some Republicans, have criticized President Trump’s crypto business interests. Some have alleged conflicts of interest, citing the Trump family’s earnings from meme coins and the decentralized finance protocol World Liberty Financial.

Despite the Trump family’s heavy involvement in crypto, and despite the president winning office after receiving support from major crypto entrepreneurs, the White House has consistently denied any wrongdoing by the President.